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Stock Market & Financial Investment News

News Breaks
June 16, 2014
08:31 EDTPRXLPAREXEL announces $150M accelerated share repurchase program
PAREXEL announced that it has entered into an Accelerated Share Repurchase agreement with Goldman Sachs to repurchase an aggregate of $150M of the Company's common stock. The ASR is part of the Company's share repurchase program authorizing the repurchase of up to $150 million, as originally announced on June 2. Under the ASR agreement, PAREXEL will receive approximately 2.3 million shares at the inception of the ASR. The ASR will be funded through cash on hand, and/or existing credit facilities. As of March 31, the company had cash and cash equivalents of approximately $299M and availability under an existing line of credit of $290M.
News For PRXL From The Last 14 Days
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January 27, 2016
16:30 EDTPRXLPAREXEL raises FY16 non-GAAP EPS view to $3.40-$3.58 from $3.19-$3.39
Consensus for FY16 EPS is $3.28. Lowers FY16 revenue view to $2.00B-$2.12B from $2.1B-$2.2B, consensus $2.14B.
16:28 EDTPRXLPAREXEL sees Q3 adjusted EPS 84c-92c, consensus 88c
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16:27 EDTPRXLPAREXEL reports Q2 adjusted EPS 90c, consensus 72c
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January 25, 2016
09:34 EDTPRXLPAREXEL downgraded to Underperform from Market Perform at Avondale
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